Jackie Stewart is the executive editor of American Banker Magazine. Previously, she covered breaking news, community banks and mergers and acquisitions for American Banker before being named as the managing editor of the Credit Union Journal. After graduating from Northwestern University in 2006, Jackie taught for two years in the Bronx, N.Y., through Teach for America.
Acquired software meant to help customers handle new rules around overdraft fees.
Elavon, a unit of U.S. Bancorp, is taking a different approach to mobile card acceptance by using a wireless card reader that is as big as the phone it pairs with.
Zions Bancorporation's (ZION) shareholders overwhelmingly approved the bank's executive compensation despite concerns about low dividend payments and sluggish loan demand.
Broadway Financial of Los Angeles said it had received a warning letter about its failure to meet listing requirements. It has not yet filed its first-quarter results with the Securities and Exchange Commission.
A founding director of Santa Clara Valley Bank has been elected as chairman. Scott K. Rushing replaces Ralph Rueda De Leon, who has served as chairman for the last three years. Additionally Elias F. Valdes was elected as vice chairman.
The Office of the Comptroller of the Currency has lifted an agreement against Stillwater National Bank and Trust in Payne, Okla.
Problem loans continue to haunt Riverview Bancorp (RVSB). The Vancouver, Wash., company on Friday restated its results from last quarter and increased its loan-loss provision for the third time in recent months.
VeriFone Systems reported that its second-quarter net income dropped roughly 42%, to $14.5 million, from a year earlier as expenses rose.
Writeoffs for bad loans, excluding mortgages, have dropped almost to pre-recession levels, according to a report from Equifax.
Bank industry experts this week offered several suggestions for how Jamie Dimon should go about repairing JPMorgan Chase's reputation, after a London trader's bets lost the bank at least $2 billion.
Many bank buyers will stay on the sidelines until Dodd-Frank rules are written and the Consumer Financial Protection Bureau's agenda is clearer, industry experts say.
Firm is adding context mapping from the Reinvestment Fund to its CRA and fair lending compliance software to help financial institutions see their loan and deposit distributions across geographic regions and demographic groups.
Small-business owners are struggling to grow and hire — and they're blaming difficulties in securing financing, according to a Pepperdine University business school survey.
Community Bank in Iowa to provide online fraud training from TRC Interactive to employees.
Union Bankshares of Morrisville, Vt., has named its president, David S. Silverman, as chief executive after Kenneth D. Gibbons stepped down from the position.
The SWIFT board has nominated marketing head as Gottfried Leibbrandt to be the new CEO.
The pace of consolidation among financial technology firms is likely to pick up as more and more banks look to trim overhead by combining services with fewer vendors.
Hudson Valley Holding (HVB) in Yonkers, N.Y., has named a new leadership team following the resignation of founder and Chairman William E. Griffin.
WSFS Financial (WSFS) of Wilmington, Del., has lowered its previously reported first-quarter earnings after the implementation of a new risk-rating system led it set aside more funds for loan losses.
The Federal Reserve Board has entered into written agreements requiring two holding companies to serve as sources of strength for their community banks.
